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ABN Amro Offers €3B Bond Buyback

Dutch financial group, ABN Amro Group, has offered to buy back around €3 billion of notes.

Dutch financial group, ABN Amro Group, has offered to buy back around €3 billion of notes. The securities that are due to mature in April next year were sold by Fortis Bank Nederland Holding in 2009.

Thestate-owned lender has around has €9 billion of outstanding government-guaranteed debt, of which €1.35 billion is due this year, adds Bloomberg. The notes purchased by the Amsterdam-based bank will be cancelled and will not be re-issued or re-sold.

Click here for the release from ABN Amro.

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